# Councilmark Asset Management, LLC

> Councilmark Asset Management, LLC is an SEC-registered investment advisory firm in Knoxville, TN, registered since 2000, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 27, 2026.

- CRD: 111748
- Filed as: COUNCILMARK ASSET MANAGEMENT, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Knoxville, TN
- Filing period: October 2026
- Form ADV filing dated: March 27, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/111748
- AdvisorCensus page: https://advisorcensus.com/firm/councilmark-asset-management-llc-knoxville-tn-111748

## Quick answers

**How is Councilmark Asset Management, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Councilmark Asset Management, LLC reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees).

**What does Councilmark Asset Management, LLC's brochure say about its fees?**
Its Form ADV Part 2A brochure dated March 27, 2026 states: Up to $2,000,000: 1% a year; $2,000,000 to $5,000,000: 0.7% a year; $5,000,000 to $10,000,000: 0.5% a year; Above $10,000,000: 0.3% a year. Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Councilmark Asset Management, LLC located?**
Councilmark Asset Management, LLC's principal office is in Knoxville, TN, according to its Form ADV.

**Is Councilmark Asset Management, LLC registered with the SEC or a state?**
Councilmark Asset Management, LLC is an SEC-registered investment advisory firm, registered since 2000. Status as filed: Approved. CRD 111748.

**How much does Councilmark Asset Management, LLC manage?**
Councilmark Asset Management, LLC reports $270,798,846 in regulatory assets under management in its Form ADV filing dated March 27, 2026 (100% discretionary).

**How have Councilmark Asset Management, LLC's assets and staff changed since 2021?**
In the Form ADV data for Councilmark Asset Management, LLC: Regulatory assets under management: $206,028,013 in the October 2021 data and $270,798,846 in the October 2026 data, up 31%. Total employees: 3 in October 2021 and 3 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Councilmark Asset Management, LLC serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (28).

**Which custodians does Councilmark Asset Management, LLC use?**
Councilmark Asset Management, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. as a custodian holding 10% or more of its separately managed account assets.

**Does Councilmark Asset Management, LLC report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/111748

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Fixed fees (other than subscription fees)

### Fees and minimums (Form ADV Part 2A brochure dated March 27, 2026)

- Up to $2,000,000: 1% a year
- $2,000,000 to $5,000,000: 0.7% a year
- $5,000,000 to $10,000,000: 0.5% a year
- Above $10,000,000: 0.3% a year

> Our standard fee schedule for advisory services, on an annual basis, is as follows: 1.00% - First $2 million 0.70% - Next $3 million 0.50% - Next $5 million 0.30% - Amount over $10 million

- Minimum annual fee: $20,000

> Minimum Annual Fee - $20,000

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $270,798,846
- Discretionary: $270,798,846
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | Fewer than 5 | $446,084 |
| High net worth individuals | 28 | $240,597,749 |
| Charitable organizations | Fewer than 5 | $3,517,579 |
| Corporations or other businesses not listed above | Fewer than 5 | $26,237,434 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses (other than small businesses) or institutional clients

### Firm details
- Registered since: 2000 (26 years)
- Employees: 3 total, 3 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: TN
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- councilmark.com

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $206,028,013 | 3 | March 29, 2021 |
| October 2022 | $223,092,325 | 3 | March 29, 2022 |
| October 2023 | $237,399,247 | 3 | March 27, 2023 |
| October 2024 | $288,567,723 | 3 | March 22, 2024 |
| October 2025 | $249,170,833 | 3 | March 25, 2025 |
| October 2026 | $270,798,846 | 3 | March 27, 2026 |

Regulatory assets under management: $206,028,013 in the October 2021 data and $270,798,846 in the October 2026 data, up 31%.
Total employees: 3 in October 2021 and 3 in October 2026.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Councilmark Asset Management, LLC (CRD 111748): Form ADV filing data as of October 2026.